Marine Petroleum Trust (NASDAQ:MARPS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report released on Saturday morning. The firm issued a hold rating on the energy company’s stock.

Separately, TheStreet cut shares of Marine Petroleum Trust from a b- rating to a c+ rating in a research note on Wednesday, February 14th.

Marine Petroleum Trust Price Performance

Shares of MARPS stock opened at $4.22 on Friday. Marine Petroleum Trust has a fifty-two week low of $3.90 and a fifty-two week high of $7.83. The stock’s 50-day moving average is $4.30 and its two-hundred day moving average is $4.49. The firm has a market cap of $8.43 million, a P/E ratio of 9.37 and a beta of 0.15.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%.

Marine Petroleum Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.102 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.68%. Marine Petroleum Trust’s dividend payout ratio (DPR) is 91.11%.

About Marine Petroleum Trust

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.